KUALA LUMPUR: Mean monthly salaries and wages fell 9% to RM2, 933 in 2020 from RM3, 224 in 2019 due to the fallout from the Covid-19 pandemic, strict restrictions and health crisis, the Statistics Department said. In its Statistics of Salaries and Wages, Malaysia, 2020 Report released yesterday, the department said the decline was the […]
Read MoreThe newly-established Cambodia Business Council (CBC) in Bangkok and Thai Subcontracting Promotion Association (Thai Subcon) will join forces to enhance trade and investment between the two ASEAN neighbours, and build momentum for the implementation of Cambodia’s 2021-2023 Economic-Diplomacy Strategy. A memorandum of understanding (MoU) was signed in this regard by CBC president Sambath Sothea and […]
Read MoreThe recent 42-billion-baht package of financial assistance for people and businesses affected by the partial lockdown is far from sufficient to offset the impact of rising infections, says the head of the local commerce chamber. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, proposed the government immediately draw a budget from the new 500-billion-baht […]
Read MoreMANILA, Philippines — Dutch financial giant ING Bank sees the Philippines lagging in terms of recovery from the pandemic as it slashed the gross domestic product (GDP) growth forecast to 4.7 percent instead of five percent this year. Nicholas Mapa, senior economist at ING Bank Manila, said the downward revision was brought about by the […]
Read MoreBank loan interest rates are becoming a heavy burden on businesses, which have been hit hard by Covid-19 for more than a year. State Bank of Vietnam Deputy Governor Dao Minh Tu at a recent conference asked four state-owned banks and 12 joint stock banks to continue easing lending interest rates for existing loans in […]
Read MoreMANILA, Philippines — Fintech companies are poised to overtake banks in capturing unbanked Filipinos, likely leading to missed opportunities for conventional lenders to attract new customers and create fresh sources of revenue. About 70% of adults in the Philippines lack access to banking and financial services, with Fintech firms like Globe Telecom Inc.’s GCash and […]
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Thailand
